Tech Company Financing Transactions
Daraz Funding Round
On 9/23/2015, Daraz landed $55 million in funding from Asia Pacific Capital.
Transaction Overview
Company Name
Announced On
9/23/2015
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Undisclosed
Investors
Asia Pacific Capital (Lead Investor) (Hanno Stegmann)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Undisclosed
Singapore City, 110000
Singapore
Singapore City, 110000
Singapore
Phone
Undisclosed
Email Address
Not Recorded
Overview
Mr. Mikkelsen said Daraz, which now has about 70 of its 500 employees based in Myanmar, has built a decentralized system for delivering goods in the major cities. Couriers typically use motorcycles and make a small number of deliveries to customers who pay cash.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Bjarke Mikkelsen
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